10th October: Escalating tensions in the Middle East

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In this episode of the Sparta Market Outlook podcast, Felipe, Neil, Jorge, and Phil explore the potential impact of escalating tensions in the Middle East, particularly between Israel and Iran, on global oil markets. The team discusses a range of scenarios, from potential supply disruptions to the implications of de-escalation, and what this means for crude oil, gasoline, and distillates.

The team analyse how current geopolitical events have affected flat prices, time spreads, and regional markets. They explore the contrasting realities in Europe, where gasoline is competitive into multiple regions, versus the bearish outlook for U.S. exports. Freight markets, especially T/C 14, are also examined, highlighting unexpected price movements and potential market corrections.